MXI - MaxiPARTS Limited

[britishcarfreak]

It has broke 60c - hit 62.5 cents - a 6 month high - given new support I'm fairly confident this will go up over the next month or so. Seems like faith is restoring and the coverage from Smart Investor and the like is surely helping.

 

[britishcarfreak]

Yanking my own chain here as noone else seems interested but this stock is definitely on its way. It's broken out of a channel and going for it. Currently 65c.

 

[Novski]

Looking good BCF, nice breakout at the end of last week. I would probably invest here at this breakout, but have my $ elsewhere at the moment.

Good luck

 

[nomore4s]

Looking good BCF, closed at 0.655c. I'm a relative newbie but have been watching this stock for awhile.

This is one of my first investments - besides a few longer term blue chip stocks.

 

[britishcarfreak]

Sweet. Next question... where will it end?

I put in a sell at 74.5c just in case it goes at the same rate tomorrow when I'm at the cricket - as I'm happy to get out.

Given the entry of mine at 53.5c the yeild is great but my holding is too small to really use this as a reason. I think I'll take the capital gain and get out.

Does anyone think we could see $1 like 2 years ago? As much as the stock seems really well managed and gives good dividends I'm just not sure that the industry sector has the environmental conditions at present to shine above it all. Still... with the coverage it's been getting maybe I should stick with it a bit longer.

 

[Novski]

With a breakout waiting to happen for the last seven months and now that it has, i think it will have the strength to climb for a while. About 85c might see it as its next main resistance.

Just my opinion BFC. I'm not holding either so, DYOR

 

[nomore4s]

mmm, seems to have stalled a bit.

 

[britishcarfreak]

I've lost my patience and exited at 63.5c It looks like it will go sideways for a while. I think it stalled it's run when PPT offloaded some of their stock to change their substantial holding. This still seems fundamentally good and the yield is attractive.

 

[Seneca60BC]

Hi

I am still in - for me personally - management competence is paramount.

Regards

 

[Seneca60BC]

MXI reports come out next week - at the current price do you think the market has gone little overboard - I mean fundamentally nothing has changed, the drought is still there and Oil is at approx $60US.

Can we expect a drop in share price next week ?

Cheers
Shelton.

 

[CanOz]

MXI reports come out next week - at the current price do you think the market has gone little overboard - I mean fundamentally nothing has changed, the drought is still there and Oil is at approx $60US.

Can we expect a drop in share price next week ?

Cheers
Shelton.

Personally i think this looks good from a technical point of view. I know someone else who likes it too, should he care to post some video analysis?

Cheers,

 

[Seneca60BC]

lovely chart - thanks Canaussieuck.

 

[Seneca60BC]

Profit of $3.5 million - was expecting a larger profit - however MXI say 2H07 will be significantly higher to 1H07 -

Do you think $10 million 2H is achievable - I think more like $8 million.

Cheers

 

[Seneca60BC]

What's up with MXI today, can anyone explain this vicissitude ?

 

[Seneca60BC]

MXI hit 70 cents! WOW what a run!! Anyone else on this one ?

 

[Seneca60BC]

MXI hit 70 cents! WOW what a run!! Anyone else on this one ?

i guess not.

 

[thomas@tac.com.a]

MXI has not had any comments for sometime its a good long term company for growth and div`s but not so exciting for traders

 

[Seneca60BC]

MXI has not had any comments for sometime its a good long term company for growth and div`s but not so exciting for traders

Yes ur right - dont know why this stock price has not been trading in the 70cs price range - even with their order book very strong - the only reasons i can think is the interest rate rises and fuel prices being so high.

 

[boid]

if you like mxi then check out adg - similar industry and both expecting lots in fin results, but seems like market not much interested. lots of director buying in adg...dont see much in mxi. I am in both

 

[skc]

MXI earned ~3.3cps in H1 and flagged strong momentum into H2. The acquisition of synergistic operation in QLD announced earlier this week resulted in the most recent leg up. That acquisition is said to be EPS accretive from the first year. So an 7c EPS or higher isn't out of the question. Currently at 50c means an undemanding PE of ~7x. Dividend of 2c in H1 annualises at 7.8%.

The nearest comparable is SNL which trades at ~9x, while something bigger like BKN trades at PE ~14-15. So plenty of upside if the EPS can be achieved.

On the charts, MXI is heading into a very important price zone. I think they will consolidate between 50-60c before reaching further up on any trading update (or wider market strength).

I hold from ~40c average.